Taylor One Minute Tour by ALEX.realestate

Taylor is about 34 miles northeast of Downtown Austin. In about a minute know more about Taylor real estate than almost anyone! ALEX provides agents, brokers and their clients with deep intelligence and genius real estate knowledge. ALEX is the only source of Net Sale Price Statistics (Net Sale Price = Sale Price LESS Repairs LESS Seller Contributions to Closing Costs.)

Let’s dive into the Taylor real estate market data for July 2023.

SUMMARY

In July 2023, the Taylor real estate market showed a mixed bag of trends. While the number of sales slightly declined, the increase in cumulative days on market indicates market softening. Interestingly, even with the decrease in average and high-end listing prices, the median list price showed a slight increase. The significant drop in the higher-priced properties stands out. Taylor has not developed a higher end segment so this is not a significant consideration. Additionally, the increase in the discount from list price to net sale price suggests enhanced buyer negotiation power.

However, keep in mind with a limited number of sales monthly swings are common. ALEX Labs advocates focusing on median statistical indicators to minimize the impact of both very small and very large transactions.

JULY 2023 INSIGHTS

Seasonal Trends: The summer months are generally expected to be vibrant for real estate. However, the decrease in the number of sales from June to July suggests a change in this traditional trend.
Significant Changes: A surge in the days properties stay on the market suggests a potential change in the buying behavior, with the increasing discounts from list to sale prices pointing to greater buyer negotiation power.
Positive Highlights: Despite several declining metrics, the median net sale price showed an increase from the previous month, suggesting pockets of resilience within the market.
Areas of Concern: None identified specific to Taylor.

JULY 2023 SOLD STATISTICS

1. Market Overview:

Number of Sales: 25, which saw a decrease of 4% from June 2023 but an increase of 25% from July 2022.
Total Net Sales: $8,180,907, indicating a decline of 16% month-over-month but a substantial decrease of 41% year-over-year.

2. Days from Listing to Sale:

Median Cumulative Days on Market: 29 days, increasing by 18% from June 2023 and a significant 176% from July 2022.
Average Cumulative Days on Market: 40 days, reflecting a 29% reduction from June 2023 but a huge jump of 153% compared to July 2022.

3. Net Sale Price:

Median Net Sale Price: $325,000, showing a 3% increase month-over-month but a 15% decline year-over-year.
Median Net Sale $ per Square Foot: $197, declining by 5% from the previous month and 15% from July 2022.
Average Net Sale Price: $326,002, marking a decrease of 12% from June 2023 and a significant 52% decline year-over-year.
Average Net Sale $ per Square Foot: $194, down by 4% month-over-month and a 41% decline from the same month last year.

4. High-End Market:

Highest Net Sale Price: $675,000, which is down by 52% from June 2023 and a massive 89% decrease from July 2022.
Highest Net Sale $ per Square Foot: $264, showing a 6% decrease from the previous month and a significant 88% drop from July 2022.

5. List Prices:

Median List Price: $319,900, reflecting a decrease of 4% from June 2023 and 18% year-over-year.
Median List Price per Square Foot: $201, which is down by 9% from June 2023 and 14% compared to July 2022.
Average List Price: $337,196, marking a 14% decline from June 2023 and a 51% decrease year-over-year.
Average List Price per Square Foot: $200, which declined by 6% month-over-month and 40% year-over-year.

6. Discount from List Price to Net Sale Price:

Median % Discount from List Price: 6.1%, which has increased by 16% from June 2023.
Average % Discount from List Price: 8.8%, seeing a rise of 51% compared to June 2023.

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ALEX currently publishes 36 Stat Packs in the Greater Austin area. If you are interested in area we are not currently publishing or have any question, contact me. I’m always available! Diane

I’M ALWAYS HERE

If you have any questions, I am always here. Just call, text or email me.

Diane Hart Alexander, MBA, MHA, CEO, Broker
Alexander Tiffany Southwest dba ALEX.realestate
Chairman, ALEX Cares
v 713.591.9902
o 713.918.9951
e diane@alex.realestate

PS – If you are an Agent or Broker in Taylor and want to be one of the few armed with the best research, analysis, marketing and White Glove Service for your clients and for you contact me! Diane

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